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French rich selling luxury emigrated overseas to escape the high tax policies

French Socialist Party government last month released the 2013 Budget for the financial year to increase the tax burden of the affluent and big business, where annual income of more than one million euros (about 1.3 million U.S. dollars) groups of a maximum tax rate of 75%.
 
Some brokers said the high-end real estate agent Daniel Feodor 300-400 residential market capitalization of more than one million euros into the Paris real estate market, "almost universal panic". Other regions in France, the mansion listed are also increasing.

The the French Division Chief of Coldwell financial Laurent Demo Lei told AFP reporters that he received a daily average of at this stage for luxury apartments or private homes appraised value of the request. Due to the increase in supply, the price of large apartments in Paris the past two or three months down 5%.
 
However, real estate brokers predict, still less the total of unsold homes and foreign buyers, buyers will not be less, the luxury market will not collapse.
 
Fear of heights tax
 
The size of the rich "flight" less than the social party candidate Fran?ois Mitterrand was elected president in 1981 after the situation.
A Wealth Management Group in charge of think, Didier Bugong, encouraged rich people to leave France for the sale of shares of capital income tax increase. French business community strongly oppose the increase in capital gains taxes that it will stifle the entrepreneurial enthusiasm.
Be richly rewarded in the sale of the business and high-tech industries, entrepreneurs usually from investment gold, to take low-paid, hoping for a successful career. Bugong said some entrepreneurs began to seek the headquarters moved to other countries or regions, and took his family to leave.
 
The intermediaries Daniel Feodor company that, compared to previously migrated overseas rich identity change becomes the younger large multinational managers, entrepreneurs and investors from the wealthy have leisure.
 
Of Thibaud · St. Vincent, president of the high-end real estate brokers Barnes said, in the Internet age, "we can work in any corner of the world, every month to France over a week.



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